In Part 1 of our interview with Richard Edwards of HED Capital, Richard gave a summary of the theoretical basis for the work he does. There are a few comments that need to be made before we begin Part 2. Since mid-2007, Richard had been telling his readers that the bull market in equities would soon be over and that the fall would be steep and severe. In October of 2007, he warned his readers that the high point would be at any moment and then identified the absolute high of the Dow to within 24 hours. In July of 2008, Richard told his readers that the rise in oil prices was over, declines were imminent and in August 2008 he said the back of the oil market was broken. On March 9th this year, Richard advised buying stocks, adding two days later that a long-term bottom was being made. Stocks in most markets around the world did indeed make their post-crunch lows on either the 9th or 10th March. These are but a few of the prescient calls Richard has made over the years, based on the research work that he and his group have done over two decades.

In Part 2 of the interview, Richard will be sharing further details about the methodology and explaining some of the applications. Some of his comments will expand on the discussion in Part 1. Later in this interview, I will provide readers with the contents of Richard’s commentary as it was made at the time. Each will be dated so the forward predictions of subsequent market events can be verified. On that note, I would like to welcome Richard back.